CAR GROUP LIMITED — Board/Management Information 2011

Mar 6, 2011

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Exit of Nine Entertainment and Resignation of Directors

Ma r ch 7, 2011

cars a les.com Lim i ted (ASX:CR Z ) announces the resignati o n of Mr Graham Brooke, M r David Gyn g ell and Mr Adrian Macken z ie as non-executive Dir e ctors of the c ompany.

The resignations h ave been m a de as a resul t of the anno u nced sale by Nine Entertai n ment of its a p proximate 4 9 % shareholding in the c ompany thro u gh its wholly owned subsi d iary ACP Ma g azines.

Mr P atrick O’Sulli v an and Mr J e ffrey Browne will remain o n the Board a s non-executi v e Directors.

cars a les.com Lim i ted’s Chairm a n, Mr Wal Pi s ciotta, paid t r ibute to the r e tiring Directo r s and the co n tributions they had each made to the company.

“Th e Board thank s Graham, D a vid and Adrian for their val u able counsel and participation in what i s and will continue to be a highly effic i ent and effec t ive Board. We are also delighted that P a t O’Sullivan a nd Jeffrey Br o wne will rem a in on the Bo a rd as nonexe c utive Directo r s”, Mr Pisciot t a said.

cars a les.com Lim i ted Managin g Director, Mr Greg Roebuck said the exi t of Nine Entertainment wo u ld have no i m pact on the d ayto-d a y operations of carsales.c o m Ltd.

“At a n operational level, the tie s between car s ales, ACP Magazines and Nine Entertainment have b een minimal w ith all com m ercial arran g ements held at arms’ leng t h. We expec t it to be business as usual, ” Mr Roebuck stated.

IMPORTANT NOTICE This release does not constitut e an offer to s e ll, or a solicit a tion of an of f er to buy, se c urities in the U nited State s or to any U S Per s on (as define d in Regulati o n S under th e Securities A c t of 1933 (th e “Securities A ct”). The sha r es issued in t he offering h a ve not b een, and will not be, registered under th e Securities A ct or under t h e securities l a ws of any st a te or other ju r isdiction of the Unit e d States and may not be o ffered or sold in the United States, or to persons that a re, or are ac t ing for the ac c ount or benefit of, US P ersons unle s s the shares h ave been re g istered unde r the Securities Act, or an e x emption fro m registration i s available

For f urther inform a tion, please c ontact:

Gre g Roebuck CE O and Managi n g Director 03 9093 8600

Abo u t carsales.co m Ltd. cars a les.com Ltd li s ted on the AS X in 2009 and i s the largest online automotiv e , motorcycle a n d marine clas s ifieds busines s in Australia, attra c ting more Australians interested in buying o r selling cars, m otorcycles an d boats than an y other classifi e d group of we b sites. carsale s .com Ltd’s first revenues were reported i n the financial y ear 1998. Th e company is o n e of only a fe w to have made the BRW Fast 100 for five consecutive years. c arsales.com.au is Australia’s number one a u tomotive web s ite and in Dec e mber 2010 att r acted 3.94 million unique visitors. The_ _C arsales Netw_ _o rk of websites includes CarP_ _o int.com.au, di_ _s countnewcars.com.au, Redb_ _o ok.com.au an_ _d motorcycle, b oat, truck and mac_ _h inery website_ _s . The network_ _b oasted in exc_ _e ss of 4.6 milli_ _o n unique visito_ _r s* in December 2010.

Nielsen Online M_ _a rket Intelligen_ _c e, Automotive, Brand, Decem_ _b er 2010 ** Ni_ _e lsen Online S_ _i te Census, Ca_ _r sales Network Aggregate, D_ _e* cember 2010